Common use of Financial Indebtedness restrictions a Clause in Contracts

Financial Indebtedness restrictions a. The Borrower shall not incur, create or permit to subsist any Financial Indebtedness. b) Paragraph (a) above does not apply to Financial Indebtedness: (i) incurred under the Finance Documents; (ii) incurred under any loans from any Guarantor, provided that any Guarantor’s claims under such loans are subject to an Assignment of Intercompany Loan and fully subordinated to the claims of the Finance Parties under the Finance Documents; or (iii) consented to in writing by the Lenders. 22.11

Financial Indebtedness restrictions a. The Borrower shall not incur, create or permit to subsist any Financial Indebtedness. b) Paragraph (a) above does not apply to Financial Indebtedness: (i) incurred under the Finance Documents; (ii) incurred under any loans from any Guarantor, provided that any Guarantor’s claims under such loans are subject to an Assignment of Intercompany Loan and fully subordinated to the claims of the Finance Parties under the Finance Documents; or (iii) consented to in writing by all the Lenders. 22.11